Ahead Of Tech Earnings, Analyst Names Nvidia And These 4 Semiconductor Stocks As 2022 Top Picks
Ahead Of Tech Earnings, Analyst Names Nvidia And These 4 Semiconductor Stocks As 2022 Top Picks
Following a strong showing in 2021, semiconductor companies remain on track for upside yet again in 2022 amid solid demand and lean channel inventories, according to an Oppenheimer analyst.
奧本海默(Oppenheimer)的一位分析師表示，在2021年表現強勁之後，在需求強勁和渠道庫存減少的情況下，半導體公司在2022年仍有望再次上行。
Growth Stocks To Continue To Outperform? Growth stocks led in 2021, and this trend is likely to continue through the cycle, analyst Rick Schafer said. Data Center/Cloud, 5G and auto are the verticals that are poised for outsized multiyear structural growth, the analyst added.
成長股將繼續跑贏大盤？分析師裏克·謝弗(Rick Schafer)表示，成長型股票在2021年處於領先地位，這一趨勢可能會持續整個週期。這位分析師補充説，數據中心/雲、5G和汽車是有望實現多年結構性超大增長的垂直市場。
Supply constraints, though curbing upside near term, should materially improve in the second half, the analyst said.
這位分析師表示，供應限制雖然在短期內抑制了上行，但下半年應該會有實質性改善。
Following $145 billion in semiconductor capital expenditures in 2021, fab capacity, excluding memory, will likely increase by 9% in 2022, with the growth weighted toward the second-half, Schafer said.
謝弗表示，在2021年半導體資本支出達到1450億美元之後，不包括內存在內的晶圓廠產能在2022年可能會增長9%，增長幅度將接近下半年。
Data Center and Cloud spend will likely be strong as hyperscalers roll out new AI workloads, the analyst said.
這位分析師表示，隨着超級伸縮器推出新的人工智能工作負載，數據中心和雲的支出可能會很強勁。
The analyst expects 5G Random Access Networks to accelerate, led by the U.S., along with Europe/Korea. Auto production is also expected to rebound, he added.
這位分析師預計，以美國和歐洲/韓國為首的5G隨機接入網絡將加速。他補充説，汽車產量預計也會反彈。
"Constraints are well understood and should ease through 2022 following capacity adds," Schafer said.
謝弗説：“限制因素已經得到了很好的理解，隨着運力的增加，到2022年，這些限制因素應該會有所緩解。”
The analyst said he is bullish on the long-term outlook for the semiconductor industry.
這位分析師表示，他看好半導體行業的長期前景。
Related Link: 9 Semiconductor Themes For 2022: Automotive Chip Shortage, Strong Cloud Demand, AI/ML Powering Metaverse And More
相關鏈接：2022年9大半導體主題：汽車芯片短缺、強勁的雲需求、AI/ML為Metaverse提供動力等
Oppenheimer's Top Semiconductor Picks: Oppenheimer named Nvidia Corporation (NASDAQ:NVDA), Monolithic Power Systems, Inc. (NASDAQ:MPWR), Marvell Technology, Inc. (NASDAQ:MRVL) and Broadcom Inc. (NASDAQ:AVGO) as its top picks.
奧本海默評選的最佳半導體產品：奧本海默被命名為NVIDIA公司(納斯達克：NVDA)，單片電力系統公司(納斯達克：mpwr)，Marvell Technology，Inc.(納斯達克：MRVL)和博通公司(Broadcom Inc.)納斯達克(Sequoia Capital：AVGO)是其首選。
These companies, the firm said, leverage content and share gains in cloud/5G/auto. They are expected to deliver sustained/profitable growth, Schafer said.
該公司表示，這些公司利用內容，在雲/5G/汽車領域分享收益。謝弗表示，預計它們將實現持續/盈利增長。
Nvidia is expected to see several structural tailwinds, including gaming, datacenter/AI accelerators, and autonomous vehicles, driving sustained outsized top-line growth, the analyst said.
這位分析師表示，預計NVIDIA將看到幾種結構性順風，包括遊戲、數據中心/人工智能加速器和自動駕駛汽車，推動營收持續超額增長。
Monolithic Power, according to the analyst, has an above-average EPS growth outlook, improving revenue mix away from consumer and toward industrial, communications and networking, improving margin profile, and expected improvements in cash/capital allocation over time, in addition to management's consistent record of execution.
根據這位分析師的説法，單片動力公司的每股收益增長前景高於平均水平，改善了從消費者到工業、通信和網絡的收入組合，改善了利潤率狀況，並預計隨着時間的推移，現金/資本配置將有所改善，此外，管理層的執行記錄始終如一。
Marvell is expanding in the high growth cloud/DC market and offers the best pure play 5G infrastructure portfolio in the industry, Schafer said. The company is also positioned for auto growth with multigig 2.5/5G/10G ethernet, he added.
Schafer説，Marvell正在高增長的雲/DC市場擴張，並提供業內最好的純播放5G基礎設施產品組合。他補充説，該公司還通過MultiGig 2.5/5G/10G以太網為汽車增長做好了準備。
For Broadcom, the combination of expanding earnings power over time, sticky/stable industrial/infrastructure exposure and defensible technology gives confidence in its business and financial model, the analyst said.
這位分析師表示，對博通來説，隨着時間的推移，盈利能力不斷擴大，粘性/穩定的工業/基礎設施敞口以及可防禦的技術相結合，給了人們對其業務和財務模式的信心。
The Semiconductor Stock Rating: Oppenheimer has Outperform ratings on Nvidia, Monolithic Power, Marvell and Broadcom. The price targets for the shares of the companies are:
半導體股票評級：奧本海默在NVIDIA、單體動力、Marvell和Broadcom上的收視率都超過了它們。這些公司股票的目標價為：
Nvidia: $350
Monolithic Power: $600
Marvell: $100
Broadcom: $720
NVIDIA：350美元
單片電源：600美元
Marvell：100美元
博通：720美元
The Semiconductor Price Action: At last check:
半導體價格行動：最後檢查：
Nvidia shares were down 4.36% at $267.78.
英偉達股價下跌4.36%，至267.78美元。
Monolithic Power shares were slipping 2.66% to $436.98.
巨石電力股價下跌2.66%，至436.98美元。
Marvel was moving down 5.69% to $80.10.
漫威股價下跌5.69%，至80.10美元。
Broadcom shares were retreating 3.53% to $600.02.
博通股價下跌3.53%，至600.02美元。
Related Link: 8 Stock Picks To Play The 2022 Emerging Trends Shaping The Semiconductor Industry
相關鏈接：8只股票精選2022年塑造半導體行業的新興趨勢
譯文內容由第三人軟體翻譯。